[ActiveMining] The Official Active Mining Discussion Thread [Self-Moderated]

[VinceSamios]

Like shit. I showed the plots which documented 24.5 TH increments in hashing power at Eligius. There are no other miners which can account for that. Here are the unstable testing miners:

Ken posted a picture of some empty work benches for crying out loud.
The man is desperate for showing us something that proves he is making some kind of progress!

What reason could he possible have to not show us the ultimate proof that he succeeded and that we (and him) will be millionares?

Because the product is not in shipping condition - still working out the bugs in the software (i.e., Intellihash), which is why the hashrates are jumping all over the place. They are still being tested and Ken wants to keep the element of surprise... or Ken is secretly running a mining farm with no intention of letting anyone else know.

Nope, I am not buying it.
It is far more likely that it belongs to some *unknown ASIC manufacturer* sponsored by some *unknown VC firm* to create, set up & mine their own hardware in *their own secret location*.
That is, if all known ASIC manufacturers have been eliminated as you claim.

This.

And this poor unknown firm, if they aren't also selling shovels, will lose the long term race.

[Vigil]

Like shit. I showed the plots which documented 24.5 TH increments in hashing power at Eligius. There are no other miners which can account for that. Here are the unstable testing miners:

Ken posted a picture of some empty work benches for crying out loud.
The man is desperate for showing us something that proves he is making some kind of progress!

What reason could he possible have to not show us the ultimate proof that he succeeded and that we (and him) will be millionares?

Because the product is not in shipping condition - still working out the bugs in the software (i.e., Intellihash), which is why the hashrates are jumping all over the place. They are still being tested and Ken wants to keep the element of surprise... or Ken is secretly running a mining farm with no intention of letting anyone else know.

Nope, I am not buying it.
It is far more likely that it belongs to some *unknown ASIC manufacturer* sponsored by some *unknown VC firm* to create, set up & mine their own hardware in *their own secret location*.
That is, if all known ASIC manufacturers have been eliminated as you claim.

And adding power in the exact increment of our advertised machines?

No. Highly unlikely. Much more likely that this is, in fact, ActM.

Ken was here. He did not deny it. Nor did the operator of Eligius deny whether it was ActM.

[Ozymandias]

-snip-

Lets say 90BTC/day - If this is paid 100% on dividends it's 0.000063btc/share/week until the first 0.0025 is paid out. Which it would within 9 months if ActM can hold 2.5% network share.

-snip-

Love the attitude and the numbers (been doing similar calculations myself since September), but only 50% of the profit (up to 0.0025btc/share after which it drops to 40% of 50% or 20% total profit) from ActM + VMC will be going to shareholders, the remaining 50% of the profit will go to reinvestment into ActM (for sustainability of our share of network hashrate)

[VinceSamios]

Like shit. I showed the plots which documented 24.5 TH increments in hashing power at Eligius. There are no other miners which can account for that. Here are the unstable testing miners:

Ken posted a picture of some empty work benches for crying out loud.
The man is desperate for showing us something that proves he is making some kind of progress!

What reason could he possible have to not show us the ultimate proof that he succeeded and that we (and him) will be millionares?

Because the product is not in shipping condition - still working out the bugs in the software (i.e., Intellihash), which is why the hashrates are jumping all over the place. They are still being tested and Ken wants to keep the element of surprise... or Ken is secretly running a mining farm with no intention of letting anyone else know.

Nope, I am not buying it.
It is far more likely that it belongs to some *unknown ASIC manufacturer* sponsored by some *unknown VC firm* to create, set up & mine their own hardware in *their own secret location*.
That is, if all known ASIC manufacturers have been eliminated as you claim.

And adding power in the exact increment of our advertised machines?

No. Highly unlikely. Much more likely that this is, in fact, ActM.

Ken was here. He did not deny it. Nor did the operator of Eligius deny whether it was ActM.

Actually much more likely someone is putting 50 x 500gh units online one at a time... or 12 x 2TH units (ahem cointerra)

[Vigil]

Actually much more likely someone is putting 50 x 500gh units online one at a time... or 12 x 2TH units (ahem cointerra)

CoinTerra's units run stable, numbnuts. The machines on Eligius are obviously not finalized in either hardware or software. Rule-out any unit which has been shipped to end-users.

[minerpart]

Vigil you have done a great job here - the new Colombo. I'm 75% convinced it's us or out first major customer taking a 'beta' product with support.

[VinceSamios]

Actually much more likely someone is putting 50 x 500gh units online one at a time... or 12 x 2TH units (ahem cointerra)

CoinTerra's units run stable, numbnuts. The machines on Eligius are obviously not finalized in either hardware or software. Rule-out any unit which has been shipped to end-users.

Cointerra didn't get chips until new years eve... so if I'm a numbnuts its because I suggest 12 x 12th units might be cointerra. silly me.

[Vigil]

Actually much more likely someone is putting 50 x 500gh units online one at a time... or 12 x 2TH units (ahem cointerra)

CoinTerra's units run stable, numbnuts. The machines on Eligius are obviously not finalized in either hardware or software. Rule-out any unit which has been shipped to end-users.

Cointerra didn't get chips until new years eve... so if I'm a numbnuts its because I suggest 12 x 12th units might be cointerra. silly me.

Well, then Cointerra is out because these machines started on Dec. 24th. and were incrementally added to in multiples of 24.5 TH all the way to 254 TH (245 TH + initial 9 TH) on Dec. 30th.

[Mabsark]

Bargraphics, how soon until you visit Ken and take pictures of progress?

You can already monitor the progress on Eligius. We have 10 24.5 TH miners that are still going through some software debugging or potentially hardware issues.

You people are blind as all shit.

We're blind? You're the one who keeps claiming roughly 50 Th/s increments are roughly 25 Th/s increments.
You're also stupid for not realising that there are numerous ways of adding numbers together to make 50.

The fact is, there's zero evidence to support your claim and evidence disproving it in the form of Ken stating that he is still waiting for chips.

[VinceSamios]

VinceSamios: wizkid057 / Luke-Jr - would you guys mind confirming for the idiots in the ActM thread that the 250TH account is not ActM. plz, thanx.https://bitcointalk.org/index.php?topic=297503.new#new
wizkid057: I dont even know who "ActM" is
VinceSamios: ActiveMining aka Virtual Mining Co aka Ken Slaughter
wizkid057: never heard of them
wizkid057: heh
VinceSamios: Can you do me a major favour and just pop in and say "it's not ActM" - would be super appreciated
wizkid057: then someone will ask me to say "its not XXX" or "its not YYY" ... I guess I made the mistake before by pointing out that its not hashfast, but, I think I'm just going to let users figure it out on their own from now on
VinceSamios: I see your point.
wizkid057: I'll just say here that I've never heard of "ActiveMining" until you mentioned it just now

I guess that settles that. Sucks to be Vigil.

I actually know who the miner is... I would not have posted otherwise.

[Vigil]

Bargraphics, how soon until you visit Ken and take pictures of progress?

You can already monitor the progress on Eligius. We have 10 24.5 TH miners that are still going through some software debugging or potentially hardware issues.

You people are blind as all shit.

We're blind? You're the one who keeps claiming roughly 50 Th/s increments are roughly 25 Th/s increments.
You're also stupid for not realising that there are numerous ways of adding numbers together to make 50.

The fact is, there's zero evidence to support your claim and evidence disproving it in the form of Ken stating that he is still waiting for chips.

50 TH is divisible by 25 TH -> 2 x 25 = 50. All the increases were multiples of 25 TH. All the drops and power-ups were multiples of 25 TH. There are many ways to get 50 TH but not repeatedly and through multiple power-downs and restarts. The last addition was 25 TH (24.5 TH).

[Vigil]

VinceSamios: wizkid057 / Luke-Jr - would you guys mind confirming for the idiots in the ActM thread that the 250TH account is not ActM. plz, thanx.https://bitcointalk.org/index.php?topic=297503.new#new
wizkid057: I dont even know who "ActM" is
VinceSamios: ActiveMining aka Virtual Mining Co aka Ken Slaughter
wizkid057: never heard of them
wizkid057: heh
VinceSamios: Can you do me a major favour and just pop in and say "it's not ActM" - would be super appreciated
wizkid057: then someone will ask me to say "its not XXX" or "its not YYY" ... I guess I made the mistake before by pointing out that its not hashfast, but, I think I'm just going to let users figure it out on their own from now on
VinceSamios: I see your point.
wizkid057: I'll just say here that I've never heard of "ActiveMining" until you mentioned it just now

I guess that settles that. Sucks to be Vigil.

I actually know who the miner is... I would not have posted otherwise.

Total BS. He never denied it was Active Mining or Ken. Ken may not even have opened the account acknowledging anything regarding ActM. I can sign up for Eligius and no one would have any idea who I was. Wizkid dodged the question.

[lobbes]

Like shit. I showed the plots which documented 24.5 TH increments in hashing power at Eligius. There are no other miners which can account for that. Here are the unstable testing miners:

Ken posted a picture of some empty work benches for crying out loud.
The man is desperate for showing us something that proves he is making some kind of progress!

What reason could he possible have to not show us the ultimate proof that he succeeded and that we (and him) will be millionares?

Because the product is not in shipping condition - still working out the bugs in the software (i.e., Intellihash), which is why the hashrates are jumping all over the place. They are still being tested and Ken wants to keep the element of surprise... or Ken is secretly running a mining farm with no intention of letting anyone else know.

Nope, I am not buying it.
It is far more likely that it belongs to some *unknown ASIC manufacturer* sponsored by some *unknown VC firm* to create, set up & mine their own hardware in *their own secret location*.
That is, if all known ASIC manufacturers have been eliminated as you claim.

And adding power in the exact increment of our advertised machines?

No. Highly unlikely. Much more likely that this is, in fact, ActM.

Ken was here. He did not deny it. Nor did the operator of Eligius deny whether it was ActM.

At the end of the day, it is still just speculation, not evidence.

I could see the 'Ken secretly mining' theory, but I don't buy the 'element of surprise' argument for explaining why Ken wouldn't bolster credibility and sales by announcing such a positive piece of news. It just doesn't make sense to me.

[Vigil]

At the end of the day, it is still just speculation, not evidence.

I could see the 'Ken secretly mining' theory, but I don't buy the 'element of surprise' argument for explaining why Ken wouldn't bolster credibility and sales by announcing such a positive piece of news. It just doesn't make sense to me.

Everyone knows Ken doesn't trust anyone. The whole project has been filled with "NDA" - he doesn't want anyone to know anything until he is ready.

[wizkid057]

VinceSamios: wizkid057 / Luke-Jr - would you guys mind confirming for the idiots in the ActM thread that the 250TH account is not ActM. plz, thanx.https://bitcointalk.org/index.php?topic=297503.new#new
wizkid057: I dont even know who "ActM" is
VinceSamios: ActiveMining aka Virtual Mining Co aka Ken Slaughter
wizkid057: never heard of them
wizkid057: heh
VinceSamios: Can you do me a major favour and just pop in and say "it's not ActM" - would be super appreciated
wizkid057: then someone will ask me to say "its not XXX" or "its not YYY" ... I guess I made the mistake before by pointing out that its not hashfast, but, I think I'm just going to let users figure it out on their own from now on
VinceSamios: I see your point.
wizkid057: I'll just say here that I've never heard of "ActiveMining" until you mentioned it just now

I guess that settles that. Sucks to be Vigil.

I actually know who the miner is... I would not have posted otherwise.

Log is legit.  Quote is legit.

[stenkross]

At the end of the day, it is still just speculation, not evidence.

I could see the 'Ken secretly mining' theory, but I don't buy the 'element of surprise' argument for explaining why Ken wouldn't bolster credibility and sales by announcing such a positive piece of news. It just doesn't make sense to me.

Everyone knows Ken doesn't trust anyone. The whole project has been filled with "NDA" - he doesn't want anyone to know anything until he is ready.

As a shareholder I apreciate that you pump the stock value, I really do.
But please, save some gun powder for the time when it is actually possible to trade.

[VinceSamios]

VinceSamios: wizkid057 / Luke-Jr - would you guys mind confirming for the idiots in the ActM thread that the 250TH account is not ActM. plz, thanx.https://bitcointalk.org/index.php?topic=297503.new#new
wizkid057: I dont even know who "ActM" is
VinceSamios: ActiveMining aka Virtual Mining Co aka Ken Slaughter
wizkid057: never heard of them
wizkid057: heh
VinceSamios: Can you do me a major favour and just pop in and say "it's not ActM" - would be super appreciated
wizkid057: then someone will ask me to say "its not XXX" or "its not YYY" ... I guess I made the mistake before by pointing out that its not hashfast, but, I think I'm just going to let users figure it out on their own from now on
VinceSamios: I see your point.
wizkid057: I'll just say here that I've never heard of "ActiveMining" until you mentioned it just now

I guess that settles that. Sucks to be Vigil.

I actually know who the miner is... I would not have posted otherwise.

Total BS. He never denied it was Active Mining or Ken. Ken may not even have opened the account acknowledging anything regarding ActM. I can sign up for Eligius and no one would have any idea who I was. Wizkid dodged the question.

http://www.youtube.com/watch?feature=player_embedded&v=VDK90WWh8Ck

Do the maths, a data centre a day keeps the doctor at bay.

[Bargraphics]

VinceSamios: wizkid057 / Luke-Jr - would you guys mind confirming for the idiots in the ActM thread that the 250TH account is not ActM. plz, thanx.https://bitcointalk.org/index.php?topic=297503.new#new
wizkid057: I dont even know who "ActM" is
VinceSamios: ActiveMining aka Virtual Mining Co aka Ken Slaughter
wizkid057: never heard of them
wizkid057: heh
VinceSamios: Can you do me a major favour and just pop in and say "it's not ActM" - would be super appreciated
wizkid057: then someone will ask me to say "its not XXX" or "its not YYY" ... I guess I made the mistake before by pointing out that its not hashfast, but, I think I'm just going to let users figure it out on their own from now on
VinceSamios: I see your point.
wizkid057: I'll just say here that I've never heard of "ActiveMining" until you mentioned it just now

I guess that settles that. Sucks to be Vigil.

I actually know who the miner is... I would not have posted otherwise.

Total BS. He never denied it was Active Mining or Ken. Ken may not even have opened the account acknowledging anything regarding ActM. I can sign up for Eligius and no one would have any idea who I was. Wizkid dodged the question.

http://www.youtube.com/watch?feature=player_embedded&v=VDK90WWh8Ck

Do the maths, a data centre a day keeps the doctor at bay.

They have their own pool, swing and a miss

[Vigil]

Vigil you have done a great job here - the new Colombo. I'm 75% convinced it's us or out first major customer taking a 'beta' product with support.

This could explain the wild fluctuations in hashrate. These could have been the first batch that were having issues or satisfactory chips with required software tune-ups.

[SebastianJu]

Weekly Update 1/1/14

Happy New Year!

The new year looks bright for Active Mining as we continue to assemble our miners for quick delivery.

Not a lot of changes from last weeks update:

We are also continuing to develop our Intellihash program and with our 2013 sales at $6,311,788.33 we have a very good share of the market.

We have been working 100% on our core business.

ActiveMining-PR Staff

If you really assemble then why no picture of it? I mean its easy as pie to do.

I think Ken is confused.  By "we continue to assemble our miners for quick delivery" he means that he's putting power supplies into cases.

Ah... now i understand. I knew its some kind of cheap rethorik but i could make sense of "assembling". But prebuilding is assembling too.

I really dont know what Ken is doing. It doesnt sound like he has much work to do but still he cant manage to write the verification script.